Ceo backdating

Posted by / 28-Aug-2017 09:30

Ceo backdating

He's a revered Hall of Famer who doesn't get whistled for fouls that send other pros to the bench. He is too popular—among investors, journalists, employees, analysts, and in the culture at large—for anyone to recommend that he be deposed. The scandals at Enron, World Com, Adelphia, and everywhere else ended the era of the rock-star CEO.

But Jobs is the lone exception, as revered today as he ever was.

Alexander vanished in 2006 while under investigation for backdating stock options for his Woodbury-based company, voicemail software maker Comverse Technology, Inc.

He frustrated federal authorities for a decade, living comfortably in exile in southwest Africa.

Get The Times of Israel's Daily Edition by email and never miss our top stories Free Sign Up “Alexander was transferred to Israel on March 1 to serve in Israel the remainder of his jail term handed to him in the US,” the communique added.

Jobs is Michael Jordan in the 1990s, Citigroup in the 1980s, Walter Cronkite in the 1960s.In addition, the company awarded thousands of stock options to fictional employees and then transferred the awards to a secret slush fund, court papers say.The scheme allowed Alexander to award those options to real “favored employees” and to himself without the approval of the board of directors, the papers add.The transfer was made at Alexander’s request, and was facilitated by Israel’s New York consulate.“After US authorities approved his transferal to Israel, the minister of public security and justice minister approved his request as well,” said a statement from the Justice Ministry.

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As Jack Shafer noted in 2005, even the press loves Jobs.

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